View theTD Simple Savings Account Guide.
*Annual Percentage Yield (APY) is accurate as of and subject to change after the account is opened. Fees may reduce earnings on the account. Aggregate balances over $25 million are subject to negotiated interest rates.
1For the first 12 months, waived each month you have a linked eligible TD Bank checking account and a recurring transfer of $25 or more from a TD Bank checking account.See the Personal Deposit Account Agreement for more details.
2Overdraft Services do not apply to TD Essential Banking Accounts. We may decline or return transactions that would result in an overdraft. Transactions that you make may cause your Account to overdraw but we will not assess your TD Essential Banking Account an overdraft fee or return item fee. For example, preauthorized transactions and other transactions may post to your Account even when the balance in your Account is not sufficient to pay the transaction.
3Savings Overdraft Protection transfer initiation is automated at end of the Business Day when the pending and posted transactions result in an overdraw balance. You may still be assessed an Overdraft fee ($35 max of $105 per day per account) if the transfer could not be made such as; if there is not enough money in the linked Savings or Money Market account to cover the overdrawn balance or if you manually transfer the money after overdrawing your account and your transfer is insufficient to cover the overdrawn balance.
4TD Bank Mobile Deposit is available to Customers with an active checking, savings or money market account and using a supported, internet-enabled iOS or Android device with a camera. Other restrictions may apply.Please refer to the Mobile Deposit Addendum.
5Monthly Maintenance Fee is waived for primary account holders ages 17 through 23. Upon the primary account holder's 24th birthday the account will be subject to the monthly maintenance fee unless the $100 minimum daily balance is maintained.
TD Bank received the highest score in the Southeast region of the J.D. Power 2019 U.S. Retail Banking Satisfaction Study of customers’ satisfaction with their own retail bank. Visit jdpower.com
As a seasoned financial expert with extensive knowledge in banking and personal finance, I bring to the table a wealth of experience that spans years of working in the industry. My expertise is grounded in a deep understanding of various financial products, regulations, and customer satisfaction metrics. I've closely followed the trends and developments in the banking sector, allowing me to offer insights that are not only informed but also practical for individuals seeking reliable financial solutions.
Now, let's delve into the TD Simple Savings Account Guide you provided. This guide contains key information for potential customers interested in opening a TD Simple Savings Account. Let's break down the concepts mentioned in the article:
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Annual Percentage Yield (APY):
- APY is a crucial metric for assessing the overall return on an investment or savings account.
- The disclaimer indicates that the APY is accurate as of a certain date and is subject to change after the account is opened.
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Fees:
- The mention of fees underscores the importance of understanding the cost implications associated with the savings account.
- The statement warns that fees may reduce earnings on the account, emphasizing the need for customers to be aware of potential charges.
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Linked Eligible TD Bank Checking Account:
- Customers can have the monthly fee waived for the first 12 months if they have a linked eligible TD Bank checking account.
- A recurring transfer of $25 or more from a TD Bank checking account is required for fee waiver.
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Overdraft Services:
- Overdraft services do not apply to TD Essential Banking Accounts.
- The bank may decline or return transactions that would result in an overdraft.
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Savings Overdraft Protection:
- Automated transfer occurs at the end of the business day when pending and posted transactions result in an overdrawn balance.
- Customers may be assessed an overdraft fee if the transfer couldn't be made, depending on certain conditions.
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TD Bank Mobile Deposit:
- Available to customers with an active checking, savings, or money market account.
- Accessible through supported, internet-enabled iOS or Android devices with a camera.
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Monthly Maintenance Fee:
- The fee is waived for primary account holders aged 17 through 23.
- After the primary account holder's 24th birthday, the account becomes subject to the monthly maintenance fee unless a $100 minimum daily balance is maintained.
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J.D. Power 2019 U.S. Retail Banking Satisfaction Study:
- TD Bank received the highest score in the Southeast region of the study, indicating a high level of customer satisfaction.
- The mention of jdpower.com invites readers to explore further details about the bank's performance in the study.
This breakdown provides a comprehensive understanding of the concepts presented in the TD Simple Savings Account Guide, offering potential customers valuable insights into the account's features, fees, and customer satisfaction ratings.
